Life Application Activity Crept Higher in 2019: MIB
January 15, 2020 by Allison Bell
U.S. consumers were probably a little more likely to apply for individual life insurance in 2019 than in 2018 — but December was nothing special.
That’s the picture that emerges from a new batch of life insurance application volume data from MIB Group Inc.
MIB is a Braintree, Massachusetts-based industry consortium that helps life insurers share some of the data used in the life insurance underwriting process.
The overall level of application checking activity fell 3.3% between December 2018 and December 2019, after increasing 6% between November 2018 and November 2019.
But the application activity level for all of 2019 was 0.4% higher than in 2018.
For all of 2018, MIB application activity was 1.1% lower than in 2017.
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